08.02.2012 - Iran to issue EUR12.5 bln in oil bonds next calendar year

Iranís national budget for the next calendar yea (begins on March 21) has envisaged issuing Ä12.5 billion in bonds for financing domestic oil projects, Mehr news agency reported on Tuesday. Five billion dollars in bonds will be also issued in the current year to speed up implementation of the South Pars gas field projects.
According to Oil Minister Rostam Qasemi, Iran will also issue $15 billion in sukuk (Islamic Sharia-based) bonds in the current year to be invested in the domestic oil industry...............................................Full Article: Source